Luxury Valley Homes Arizona Real Estate Blog

Housing Affordability: Luxury Valley Homes Scottsdale

Housing Affordability - Luxury Valley Homes Scottsdale

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The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent monthly price and income data.

*Median Family Income: NAR uses Income data from the Census Bureau American Community Survey. Census income data is not available for later than 2016. Thus, NAR projects income levels for later than 2016. Specifically, median family income estimates are based on the average of wage growth and last year’s actual income growth.

 

The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first-time buyers.

 

Comment balloon 0 commentsJane & Jeff Daley, PhD • November 30 2017 02:36AM
Housing Affordability: Luxury Valley Homes Scottsdale
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